Manager for city pension fund arrested in prostitution sting

6:58 AM,
Sep. 6, 2013

Cincinnati City Hall

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The Cincinnati Retirement System board Thursday voted to cut ties with the investment management company that oversees about $110 million of the city's $2.1 billion pension fund because the company's founder and chief executive officer was arrested late last month on charges of soliciting a prostitute.

But retirement system Executive Director Paula Tilsley said the board was already considering such a move based on fund performance and other factors and the arrest only added a reason to sever the relationship.

"We've had them on watch since the beginning of the year based on their ...